The numbers above represents the amount of the RBA rate cut some of the top banks has passed down to us consumers, for many mortgage holders any rate cut is a good cut! But here at Shape Home Loans we believe it's time for a fair cut; as we don't only want a good cut...we demand a GREAT CUT!
Due to our bargaining power and relationship, we will be in the position to offer up to the FULL 0.50 rate cut with the same banks - ING, Adelaide bank, Advanatge etc....
Current ING rate
Mortgage Simplifier - 6.72% ------ After RBA 0.30 rate cut = 6.42% As of 11 May 2012
Our ING rate ( we will pay for all negotiation cost and any out of pocket expenses, so it will be the SAME bank and SAME product)
Mortgage Simplifier - 6.72% --- After RBA 0.30 rate cut + our negotiation offer = 6.26% as of 11 May 2012
Our 2nd ING rate offer ( Not direct with ING, but under written and funded via ING)
ING Solutions loan - After RBA 0.30 rate Cut + our negotiation offer = 6.07% as of 11 May 2012
|LENDERS||ING BANK DIRECT||ING BANK DIRECT -Shape Loans||Mortgage Manger (ING)- Shape Loans|
|Rate (after RBA)||6.42%||6.26% > $3000,000
|Redraw , I/O, Extra repayments||Yes||Yes||Yes|
|Set up cost||$220||$220||$500|
|On going fee/ Annual fee||None||None||None|
|Up to 95%||Yes||Yes||Yes|
|Loan managed and serviced by||ING||ING||A Mortgage Manager|